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Voltamp Transformers Limited
(VOLTAMP)
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Rating:74Outperform
Price Target:
₹12,615.00
▲(37.62% Upside)
Action:Upgraded
Date:08/09/26
The score is driven primarily by strong fundamentals—especially an exceptionally low-debt balance sheet and solid multi-year growth—partly offset by recent margin compression and weaker FY2026 free-cash-flow conversion. Technicals add support via a clear uptrend and constructive momentum, while valuation is the main drag due to a relatively high P/E and only a modest dividend yield.
Positive Factors
Exceptionally conservative balance sheet
Near-zero leverage gives Voltamp substantial financial flexibility and low refinancing risk. This supports resilience through demand or input-cost cycles and allows the company to fund capacity, working capital, or strategic investment without significant balance-sheet strain.
Negative Factors
Meaningful margin compression
The decline in margins signals pressure from input costs, pricing, product mix, or execution. If persistent, it could limit operating leverage from revenue growth and reduce the company’s ability to convert expanding sales into proportionate profit.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptionally conservative balance sheet
Near-zero leverage gives Voltamp substantial financial flexibility and low refinancing risk. This supports resilience through demand or input-cost cycles and allows the company to fund capacity, working capital, or strategic investment without significant balance-sheet strain.
Read all positive factors
Voltamp Transformers Limited (VOLTAMP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹113.73B
Dividend Yield0.9%
Average Volume (3M)7.97K
Price to Earnings (P/E)35.2
Beta (1Y)1.66
Revenue Growth17.84%
EPS Growth-2.60%
CountryIN
Employees440
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)313.39
Shares Outstanding10,117,120
10 Day Avg. Volume1,560
30 Day Avg. Volume7,971
Financial Highlights & Ratios
PEG Ratio-4.67
Price to Book (P/B)4.90
Price to Sales (P/S)4.08
P/FCF Ratio175.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)336.81
Revenue Forecast (FY)₹25.34B
Voltamp Transformers Limited Business Overview & Revenue Model
Company Description
Established in 1963 and based in Vadodara, India, Voltamp Transformers Limited specializes in the manufacturing and distribution of a wide array of electrical transformers. Their product offerings include oil-filled, cast resin, unitized sub-stati...
How the Company Makes Money
Voltamp Transformers Limited makes money primarily by manufacturing and selling transformers to customers such as electric utilities, government and private power companies, and industrial/commercial users. Revenue is typically generated through (...
Voltamp Transformers Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.74B | 21.54B | 19.25B | 16.09B | 13.76B | 11.22B |
| Gross Profit | 4.68B | 4.74B | 5.32B | 4.79B | 3.44B | 2.44B |
| EBITDA | 3.69B | 4.22B | 4.51B | 4.11B | 2.71B | 1.82B |
| Net Income | 3.17B | 3.05B | 3.25B | 3.07B | 2.00B | 1.33B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 20.18B | 17.76B | 15.21B | 12.23B | 10.61B |
| Cash, Cash Equivalents and Short-Term Investments | 1.01B | 1.02B | 1.63B | 606.00M | 850.15M | 950.68M |
| Total Debt | 0.00 | 5.43M | 21.28M | 32.14M | 16.63M | 0.00 |
| Total Liabilities | -17.92B | 2.26B | 1.88B | 1.67B | 1.15B | 1.19B |
| Stockholders Equity | 17.92B | 17.92B | 15.88B | 13.54B | 11.07B | 9.42B |
Cash Flow | ||||||
| Free Cash Flow | 402.80M | 499.35M | 1.59B | 1.97B | 1.60B | 469.40M |
| Operating Cash Flow | 810.61M | 1.75B | 2.19B | 2.16B | 1.68B | 655.81M |
| Investing Cash Flow | 124.04M | -377.15M | -1.16B | -1.41B | -1.27B | -463.11M |
| Financing Cash Flow | -1.03B | -1.03B | -938.07M | -633.29M | -363.00M | -260.90M |
Voltamp Transformers Limited Technical Analysis
Positive
9166.50
Price Trends
9891.02
Positive
9809.96
Positive
8874.79
Positive
Market Momentum
371.31
Negative
70.25
Negative
63.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VOLTAMP, the sentiment is Positive. The current price of 9166.5 is below the 20-day moving average (MA) of 10299.54, below the 50-day MA of 9891.02, and above the 200-day MA of 8874.79, indicating a bullish trend. The MACD of 371.31 indicates Negative momentum. The RSI at 70.25 is Negative, neither overbought nor oversold. The STOCH value of 63.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VOLTAMP.
Voltamp Transformers Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹113.73B | 35.22 | ― | 1.09% | 17.84% | -2.60% | |
73 Outperform | ₹39.50B | 40.18 | ― | ― | 21.99% | 28.73% | |
69 Neutral | ₹1.41T | 111.96 | ― | 0.15% | 21.42% | 21.02% | |
68 Neutral | ₹749.87B | 60.53 | ― | 0.57% | 23.96% | 34.01% | |
64 Neutral | ₹91.40B | 34.96 | ― | 0.07% | 14.60% | -0.37% | |
58 Neutral | ₹26.77B | 23.84 | ― | 1.39% | 18.29% | -18.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:VOLTAMP
Voltamp Transformers Limited
11,036.65
3,309.84
42.84%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.